Company Valuation: Chailease Holding Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 421,704 343,492 311,612 206,549 180,555 185,039 - -
Change - -18.55% -9.28% -33.72% -12.58% 2.48% - -
Enterprise Value (EV) 1 834,702 842,620 946,348 854,040 820,528 854,177 913,461 1,011,093
Change - 0.95% 12.31% -9.75% -3.92% 4.1% 6.94% 10.69%
P/E 17.8x 12.8x 12.7x 8.49x 9.39x 8.81x 8.06x 7.7x
PBR 3.49x 2.43x 1.91x 1.1x 0.99x 0.99x 0.91x 0.89x
PEG - 0.6x -1.43x -0.8x -0.7x 0.96x 0.86x 1.65x
Capitalization / Revenue 5.84x 3.97x 3.2x 2.02x 1.85x 1.85x 1.77x -
EV / Revenue 11.6x 9.73x 9.7x 8.35x 8.41x 8.56x 8.72x -
EV / EBITDA 21.5x 19.4x 23.4x 22x 22.3x 19.6x 19.8x -
EV / EBIT 24.9x 22.8x 28.7x 28.6x 30.1x 28.7x 27.9x 27.9x
EV / FCF 26.6x 56x -55.6x 44.6x 41.8x -492x -35.4x -
FCF Yield 3.76% 1.79% -1.8% 2.24% 2.39% -0.2% -2.82% -
Dividend per Share 2 5.279 5.913 6.125 - 5.686 5.9 6.078 6.564
Rate of return 2.28% 2.95% 3.37% - 5.5% 5.57% 5.73% 6.19%
EPS 2 13.02 15.67 14.28 12.79 11.02 12.04 13.16 13.77
Distribution rate 40.5% 37.7% 42.9% - 51.6% 49% 46.2% 47.7%
Net sales 1 72,160 86,608 97,526 102,292 97,567 99,810 104,700 -
EBITDA 1 38,804 43,466 40,486 38,780 36,715 43,597 46,044 -
EBIT 1 33,485 36,971 32,931 29,910 27,219 29,739 32,751 36,266
Net income 1 21,644 27,222 25,034 22,586 19,810 21,577 23,344 24,045
Net Debt 1 412,998 499,128 634,736 647,491 639,973 669,138 728,422 826,054
Reference price 2 231.84 200.47 181.87 108.61 103.43 106.00 106.00 106.00
Nbr of stocks (in thousands) 1,818,934 1,713,397 1,713,397 1,901,710 1,745,650 1,745,650 - -
Announcement Date 24/02/22 24/02/23 27/02/24 25/02/25 10/03/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.52x7.26x8.38x1.11% 22.23B
11.62x4.19x46.13x4.03% 12.06B
5.36x - - 5.65% 10.9B
11.17x - - 4.41% 10.46B
4.45x - - 7.05% 7.87B
9x3.16x28.25x3.7% 8.14B
16.88x14.24x34.3x1.32% 6.86B
Average 9.57x 7.21x 29.26x 3.9% 11.22B
Weighted average by Cap. 9.28x 6.80x 24.50x 3.51%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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